Democratic Sentinel, Volume 16, Number 52, Rensselaer, Jasper County, 13 January 1893 — The Income Tax. [ARTICLE]

The Income Tax.

The income-tax plan seems also to eommend itself. It is the opinion of the leading men that a bill to impose a progressively increasing tax on incomes above SIO,OOO would be passed by an overwhelming majority If presented in the House. How much revenue it would yield is problematical. That would depend somewhat upon the extent to which consciences have become more alert since the war-time income tax was abolished. That sometimes produced revenue and sometimes perjury. But that was in a time of general demoralization. and it is believed that a properly drawn income-tax law would yield an important revenue without unduly tempting to fraud and perjury. Bush a tax eommends itself as Ideally, fair and reasonable. It places th« heaviest hardens where they are most easily borne. It taxes superfluity instead of want, wesith ratfcbf than poverty, accumulation rather than industrial endeavor,—New York World.